MHM is not dead , the company has cash in the bank ( 1m odd ) , owns a US property , has a process that might have international value to others (ie Alcoa, Befesa etc )and remains a listed company on the ASX with a supportive shareholder on the board that is a long way behind on his original investment cost base .
Even if Alreco is just a small component of the future the listed entity has a value of 1-2m + the cash .
I think the board will find another business to vend in , that is complimentary to Alreco , to protect the large tax losses s
A vend can be part shares , part cash at 2 or 3c and then MHM can live to fight another day .
Should of done this 6-12 months ago when the sahres had a much higher perceived value
alcoa to close.., page-16
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